Economics Practice Test 34
Demand and Supply Together MCQ (Multiple Choice Questions) PDF - 34
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The MCQs: When quantity supplied is lesser than quantity demanded, this situation is known as; "Demand & Supply Together" App Download (iOS & Android) Free with answers surplus, deficit/shortage, decrease in demand and increase in supply to study online certification courses. Practice market forces and demand and supply questions and answers to improve problem solving skills for online business administration school.
Demand & Supply Together Questions and Answers PDF Download: Quiz 34
MCQ 166: When quantity supplied is lesser than quantity demanded, this situation is known as
- deficit/shortage
- surplus
- decrease in demand
- increase in supply
MCQ 167: Payments that are made to individuals by the federal government through various social benefit programs is known as
- transaction cost
- transfer payment
- precautionary payment
- speculative payment
MCQ 168: To find comparative advantage of two nations or people, we will first compare the
- trade efficiency
- product
- price
- opportunity cost
MCQ 169: The simultaneous purchase and sale of an asset to profit from a difference in the price is known as
- depreciation
- appreciation
- arbitrage
- dumping
MCQ 170: Economy faces fluctuations in an economic activity time to time is called
- regular cycle
- secular cycle
- business cycle
- seasonal variation
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- 'concentrated marketing' is also called as
- Ads affecting consumer's subconscious minds are classified as
- Way of entering foreign markets by setting up foreign manufacturing facilities is classified as
- Finding new ways to create more satisfying products for customers is called
- Industry capital items include
- Distribution of branded products through one or few outlets is called
Demand & Supply Together Quiz Book Questions
- If the terms of trade and wealth effect of the economy tends
- Situation when income is less than the average income by a certain amount is known as
- Concept regarding to equality or idea of fairness in economics, particularly in
- Factors that causes the average cost of producing something to fall as
- A tariff that is levied as a fixed charge per units of imports is known as
- A tax that is a fixed amount, no matter the change in